6589 116th AveFennvilleMI49408
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Fennville at 6589 116th Ave, Fennville, MI, 49408 offers a 11.12% rental yield on a $220,000 purchase with $2,038/mo rent. Total monthly income registers $2,038/mo, and a $1,077/mo payment leaves $587/mo available for distribution. Annual cash flow reaches $7,044/yr on $72,930 to close, and return on cash invested stands at 29.57% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 155.16% and total cumulative return in cash at $113,159. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,038/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49408, Fennville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,896 (100%) |
| Owner Occupied HU | 3,416 (69.8%) |
| Renter Occupied HU | 538 (11.0%) |
| Vacant Housing Units | 942 (19.2%) |
| Median Home Value | $330,769 |
| Average Home Value | $479,057 |
Housing Distribution
Address Breakdown
Residential
4,202
Single Family
4,062
Multi-Family
140
Businesses
143
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